Date of entry: 15 Oct 2010
Shorted FKLI - The 3th Broke Down
I initiated short position at 1484.5 for 2 contracts in the morning with the price 3th even 4th times broken down the moving averages.
Date of exit: 18 Oct 2010
FKLI - Exit On My Target
I exited the trade at 1473.5 with 10 points gain for each contract. 10 points profit target is good enough for now.
The balance of my account is RM 32,275 after the profit of RM 1000 (10points x RM50 x2contracts = RM1000)
(The details of my account is at My Future Trading Account Records 2010 )
Hi Abel,
ReplyDeleteI saw there are two moving average u used? What parameter you used? SMA H(24) and SMA L(24? What are these?
hi Abel,
ReplyDeleteGood call again :)
lengchai6
Hi Mark Chang,
ReplyDeleteSMA H(24) means Simple Moving Average using high of 24 bars and
SMA L(24) means Simple Moving Average using 24 bars' low.
Not many people use this kind of SMA. Usually, they use 2 or 3 moving averages in different time frame of the close over to decide bullishness or bearishness.
Hi LengChai6,
It is hard to say till the trade is closed. Thank you.
Abel
Any specific reason to close the position? As they say, easier to get in than exit...
ReplyDeletelengchai6
I set 10 points as my target from my entry point. There is not much of technical reason actually.
ReplyDeleteAbel
respek respek ... keep it up
ReplyDelete